Question

PLZZZ HELP, i have limited time and i will give brainliest. Q1 Selena has placed $500 in an account that pays simple interest of 5 percent annually. Selena will have earned $ _.00 in interest by the end of the year. Q2 Suki has placed $800 in an account that pays 4 percent interest compounded quarterly. At the end of two years (eight quarters), the balance in the account will be $__ . That means Suki will have earned $ in interest during that time. (Round your answers to the nearest cent.) What will be the balance in the account at the end of two years (eight quarters)? How much interest will Suki have earned during that time? (Round your answers to the nearest cent.) Q3 Jessica is considering putting $50 into a money market account that pays a 4 percent annual interest rate. It will take year(s) for the money to double to $100. (Use the Rule of 72 to find the answer.) every ____ mark you put the answer in that place. plz label the answer with Q1 etc

Answer 1

Hey next time use your calculator, if you can.

Since these problems are using this equation : $A(mount) = P(rinciple) * ( 1 + R(ate) ^ {t(ime)} )$ we can derive into this immediately.

Q1: 525 (Try it, don't copy, it's not nice ;) ).

Q2: 865.28

Q3: By using logs: 0.0566 years. (I'm not sure on that one...) Sry